MONEY-FX / Do you depend on forecasts or predictions?

**Posted by Bruce Reid** 8/04/2018 5:41 am

When it comes to work like Forex, it is very important to work via proper strategy or method, as it is the ONLY way that one could work out well to gain. So, what measurements do you exactly take? I personally prefer forecasts and predictions and with option like eur aud, it is awesome in every way. I really love eur aud forecast, as it is what helps with me going really far distance and to make accurate decisions as well.

**Posted by Joel** 1/08/2019 3:53 pm

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**Posted by KYCbench** 6/08/2019 4:37 am

Yes, it's something you can depend on but only from a important source.

**Posted by Anil Kumar** 5/15/2020 11:53 am

There are only small percentage of traders which get success in forex trading (currency trading) , reason due to little knowledge of trading concepts and little impatient leads to blow their account. There are some steps by which beginner traders can survive and make profit.
1. Learn candle sticks trading which are best in reading the chart and behaviour of trend from years ago.
2. Learn to draw trendlines, support lines and develop habit of drawing patterns on chart.
3. Do practice on demo account and make profit there.
4. Learn only 1-2 setups for trading.
5. There are two most successful setups called Bullish pin bar (Bullish Hammer) second Bearish pin bar (shooting star), trade these setups on daily chart with support and resistance.
6. Do trade in small quantity and trade only on good setups only, not doing anything also a profit then losing money on wrong setup.

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